You don't have any idea what an annuity is.... really.
But, you will buy one when the time comes... because that's what they want you to buy!
Why??? Because... you virtually know nothing about investing and they know it.
While you're working, or were, You opened a 401(k)... because that was the "prudent" thing to do. So they give you a couple of days to choose your investments... It's tax deductible, diversified, and the professionals are managing your portfolio... Poof! You're an investor......

OK! The news is bad... instead of jumping off of something... it's time to jump on and invest in yourself!!!
For you first time investors... you may not be aware of this, but all of this bad news is GREAT news for you. You've entered a world where there are insurmountable opportunities!!!
Here's why now is about the best time as any. During a bad economy companies have to look at their operations and figure out how to survive... which means they've had to go through and cut out parts that...

In my opinion, Dave Ramsey is right...99.999999% of the time;
I wish I could round up. There's one area I think he falls short--when he talks about the investment side. I've heard him say to a caller, "buy a good mutual fund and forget it!"
What??? Here's a guy who spends his life "educating" people on certain areas of finance, but on conceivably, the most important investment of your life, he says to forget it? He can't believe that... maybe he does, I certainly don't speak for him.
Here...